EDOCEO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
EDOCEO
Largest movements
- Receivables within one year -€93,326
down €93,326 (-26.9%), from €346,652 to €253,326
of which Trade receivables: -€89,656
- Cash +€38,329
up €38,329 (+6.7%), from €570,335 to €608,664
mainly Receivables within one year (+€93,326) and Depreciation (+€43,131)
- Intangible fixed assets -€24,095
down €24,095 (-50.0%), from €48,189 to €24,095
- Tangible fixed assets -€19,036
down €19,036 (-23.9%), from €79,688 to €60,652
of which Furniture and vehicles: -€10,360
- Trade debts -€80,854
down €80,854 (-38.9%), from €207,655 to €126,802
- Accrued charges and deferred income -€38,800
no longer reported in 2025 (was €38,800)
- Reserves +€33,284
up €33,284 (+7.8%), from €429,086 to €462,370
of which Distributable reserves: +€33,284
- Tax, wage and social debts -€12,917
down €12,917 (-21.8%), from €59,370 to €46,453
- Gross operating margin -€77,100
down €77,100 (-39.8%), from €193,871 to €116,771
- Taxes +€3,876
up €3,876 (+11.2%), from €34,701 to €38,577
- Other operating charges -€2,398
down €2,398 (-43.3%), from €5,533 to €3,135
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,045,538 | €947,052 | -€98,486 | -9.4% |
| Fixed assets | 21/28 | €127,902 | €84,771 | -€43,131 | -33.7% |
| Intangible fixed assets | 21 | €48,189 | €24,095 | -€24,095 | -50.0% |
| Tangible fixed assets | 22/27 | €79,688 | €60,652 | -€19,036 | -23.9% |
| Plant, machinery and equipment | 23 | €40,416 | €31,740 | -€8,676 | -21.5% |
| Furniture and vehicles | 24 | €39,272 | €28,911 | -€10,360 | -26.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €917,636 | €862,281 | -€55,355 | -6.0% |
| Amounts receivable within one year | 40/41 | €346,652 | €253,326 | -€93,326 | -26.9% |
| Trade receivables | 40 | €339,303 | €249,647 | -€89,656 | -26.4% |
| Other amounts receivable | 41 | €7,349 | €3,679 | -€3,670 | -49.9% |
| Cash at bank and in hand | 54/58 | €570,335 | €608,664 | +€38,329 | +6.7% |
| Deferred charges and accrued income | 490/1 | €649 | €292 | -€358 | -55.1% |
| Total equity and liabilities | 10/49 | €1,045,538 | €947,052 | -€98,486 | -9.4% |
| Equity | 10/15 | €739,713 | €772,997 | +€33,284 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €429,086 | €462,370 | +€33,284 | +7.8% |
| Tax-exempt reserves | 132 | €85,226 | €85,226 | = | 0.0% |
| Distributable reserves | 133 | €343,860 | €377,144 | +€33,284 | +9.7% |
| Profit (loss) carried forward | 14 | €304,427 | €304,427 | = | 0.0% |
| Amounts payable | 17/49 | €305,825 | €174,055 | -€131,770 | -43.1% |
| Amounts payable within one year | 42/48 | €267,025 | €174,055 | -€92,970 | -34.8% |
| Trade debts | 44 | €207,655 | €126,802 | -€80,854 | -38.9% |
| Suppliers | 440/4 | €207,655 | €126,802 | -€80,854 | -38.9% |
| Taxes, remuneration and social security | 45 | €59,370 | €46,453 | -€12,917 | -21.8% |
| Taxes | 450/3 | €59,370 | €46,453 | -€12,917 | -21.8% |
| Other amounts payable | 47/48 | - | €800 | +€800 | |
| Accrued charges and deferred income | 492/3 | €38,800 | - | -€38,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,758 | €43,131 | +€1,373 | +3.3% |
| Other operating charges | 640/8 | €5,533 | €3,135 | -€2,398 | -43.3% |
| Non-recurring operating charges | 66A | €21,885 | - | -€21,885 | |
| Gross operating margin | 9900 | €193,871 | €116,771 | -€77,100 | -39.8% |
| Operating profit (loss) | 9901 | €124,695 | €70,505 | -€54,190 | -43.5% |
| Financial income | 75/76B | €2,139 | €2,696 | +€557 | +26.1% |
| Recurring financial income | 75 | €2,139 | €2,696 | +€557 | +26.1% |
| Financial charges | 65/66B | €420 | €540 | +€120 | +28.6% |
| Recurring financial charges | 65 | €420 | €540 | +€120 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €126,414 | €72,662 | -€53,752 | -42.5% |
| Income taxes | 67/77 | €34,701 | €38,577 | +€3,876 | +11.2% |
| Profit (loss) for the period | 9904 | €91,713 | €34,084 | -€57,628 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €91,713 | €34,084 | -€57,628 | -62.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.